The Consumer Financial Protection Bureau’s recently announced intent to revise its personal financial data rights rules has cast a shadow on the future of open banking regulations in the U.S. Despite the overwhelming...more
10/20/2025
/ Administrative Procedure Act ,
Advanced Notice of Proposed Rulemaking (ANPRM) ,
APIs ,
Banking Sector ,
Banks ,
Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Data Privacy ,
Data Security ,
Data-Sharing ,
Final Rules ,
FinTech ,
Open Banking ,
Pending Litigation ,
Popular ,
Proposed Rules ,
Rulemaking Process
The CFPB recently published an Advance Notice of Proposed Rulemaking (ANPR) to reconsider four key issues related to its “Personal Financial Data Rights” rules, which were finalized at the end of 2024 but have been mired in...more
9/9/2025
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Data Privacy ,
Data Security ,
Dodd-Frank ,
FinTech ,
Open Banking ,
Proposed Rules ,
Regulatory Reform ,
Rulemaking Process ,
Third-Party Service Provider
The next episode in McGlinchey’s Deep Dive into Lending series takes a close look at unsecured lending with insights from Aaron Kouhoupt and Adam Maarec. They discuss innovations in loan applications, underwriting, and...more
8/25/2025
/ Borrowers ,
Consumer Financial Products ,
Consumer Lenders ,
Consumer Protection Laws ,
Creditors ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Lenders ,
Loan Applications ,
Loans ,
Underwriting ,
Unsecured Debt
The Consumer Financial Protection Bureau’s (CFPB) open banking rules, issued under Section 1033 of the Dodd-Frank Act, have been the subject of ongoing litigation since their finalization late last year. The litigation is...more
8/4/2025
/ Administrative Procedure Act ,
Banking Sector ,
Banks ,
Compliance Dates ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
FinTech ,
Open Banking ,
Proposed Rules ,
Rulemaking Process ,
Stays
A rapid transformation in consumer finance is being brought about by open banking—a pivotal innovation that allows consumers to give third parties real-time access to their detailed financial data. Open banking has the...more
The Consumer Financial Protection Bureau (CFPB) finalized its long-awaited Personal Financial Data Rights rules under Section 1033 of the Dodd-Frank Act, marking a significant milestone in the regulation of...more
2/19/2025
/ Administrative Procedure Act ,
Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Data Privacy ,
Data Protection ,
Dodd-Frank ,
Enforcement ,
Enforcement Actions ,
Final Rules ,
Financial Regulatory Reform ,
FinTech ,
Open Banking ,
Popular ,
State Attorneys General
Join McGlinchey’s Deep Dives series for an in-depth exploration of open banking, a transformative trend reshaping financial services. This webinar will discuss the opportunities, challenges, and regulatory considerations of...more
The Consumer Financial Protection Bureau (CFPB) recently finalized a rule that will subject the country’s most active digital wallets to ongoing supervision by the agency. Will the CFPB’s new supervisory authorities be a game...more